TaxCure Blog

As tax season draws to a close, many consumers feel a sense of relief. They are done with taxes, and not anxious to start on another tax season.

If you don’t owe taxes, you aren’t required to file a tax return. However, just because you don’t have to file a tax return doesn’t mean that you shouldn’t file one. In fact, you might be missing out on money that the government owes you if you don’t file a tax return.

So far this tax season, refunds are on the rise. According to IRS data, the average refund is more than $3,000. That’s not a bad amount of change, and it’s money that many consumers consider a “windfall.”|With the Great Recession a very recent memory, and with the economy and labor market still struggling, many consumers are saying that they plan to use their tax refund money prudently.

When it comes to paying taxes, where you live matters. While many of us focus on the amount we pay in federal taxes, the reality is that there are a number of taxes that we pay. In fact, your local taxes might be taking a bigger bite out of your income than you expect.

The 2014 tax season is underway, and the IRS has released some statistics that show how things are progressing this season.